i think we're still underrating the ways hyperliquid changes crypto for good.

until now, tokens could *only* be valued on mimetics. bitcoin is pure mimetics; everything else was mimetic of bitcoin.

but HL actually lets you value tokens on revenue. which means two things:

1. we finally have a valuation model that makes sense. mimetics can ebb and flow with macro news, but sustainable revenue is the only dependable model for investing in crypto.

you make money or you die.

2. the only way to make real money from users is at the app layer. chains that trust they can maintain multibillion dollar valuations from mimetics alone are putting their fate at the mercy of the wind.

if they want to survive, they need to own the apps themselves.